Insurer Jackson Financial Inc. has completed its separation from Prudential plc through a demerger.
Lansing, Michigan-based Jackson, now an independent company, expects that its Class A common stock will begin “regular way” trading under the ticker symbol JXN on the New York Stock Exchange next Monday. The stock currently trades on a “when-issued” basis.
Prudential plc, a giant British insurer, is not related to U.S.-based Prudential Financial.
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
Reshuffle provides strong indication of where the regulator's priorities now lie.
Goldman Sachs Asset Management report reveals sharpened focus on annuities.
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Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.
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